Ctrip.Com International (CTRP) Shares Gap Up to $44.75

Shares of Ctrip.Com International Ltd (NASDAQ:CTRP) gapped up prior to trading on Tuesday . The stock had previously closed at $44.40, but opened at $44.75. Ctrip.Com International shares last traded at $44.10, with a volume of 4069600 shares trading hands.

Several brokerages recently weighed in on CTRP. Zacks Investment Research cut shares of Ctrip.Com International from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Cowen reaffirmed a “buy” rating and issued a $57.00 target price on shares of Ctrip.Com International in a report on Sunday, October 8th. TheStreet raised shares of Ctrip.Com International from a “c+” rating to a “b” rating in a report on Thursday, November 2nd. Barclays assumed coverage on shares of Ctrip.Com International in a report on Monday, October 9th. They set an “overweight” rating and a $62.00 price objective on the stock. Finally, BidaskClub raised shares of Ctrip.Com International from a “strong sell” rating to a “sell” rating in a report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $56.33.

The company has a debt-to-equity ratio of 0.40, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market capitalization of $24,400.00, a PE ratio of 76.39 and a beta of 1.74.

Several institutional investors and hedge funds have recently made changes to their positions in CTRP. Janus Henderson Group PLC purchased a new position in shares of Ctrip.Com International during the second quarter worth approximately $318,276,000. Capital Research Global Investors grew its position in shares of Ctrip.Com International by 37.6% during the second quarter. Capital Research Global Investors now owns 12,717,070 shares of the company’s stock worth $684,941,000 after acquiring an additional 3,478,011 shares during the last quarter. Hillhouse Capital Management Ltd. grew its position in shares of Ctrip.Com International by 140.6% during the second quarter. Hillhouse Capital Management Ltd. now owns 4,812,246 shares of the company’s stock worth $259,188,000 after acquiring an additional 2,812,246 shares during the last quarter. Capital World Investors grew its position in shares of Ctrip.Com International by 20.5% during the second quarter. Capital World Investors now owns 12,534,949 shares of the company’s stock worth $675,132,000 after acquiring an additional 2,129,879 shares during the last quarter. Finally, Temasek Holdings Private Ltd grew its position in shares of Ctrip.Com International by 37.0% during the third quarter. Temasek Holdings Private Ltd now owns 7,256,928 shares of the company’s stock worth $382,730,000 after acquiring an additional 1,959,723 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

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About Ctrip.Com International

Ctrip.com International, Ltd. (Ctrip) is a travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management in China. The Company aggregates hotel and transportation information to enable business and leisure travelers to make bookings. It helps leisure travelers book tour packages and guided tours, and helps corporate clients manage their travel requirements.

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